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Alcoa and Amcor close PET deal
Alcoa and Amcor close PET deal

Alcoa and Amcor close PET deal

24 October 2003

Australian packaging company Amcor Ltd’s acquisition of Alcoa Ltd’s Latin American polyethylene terraphthallate plastic (PET) business for US$75 million has finally closed, following delay of some three months. Closing occurred on October 2, effective October 1.

Rubber loan for Petroflex
Rubber loan for Petroflex

Rubber loan for Petroflex

17 October 2003

Brazilian latex manufacturer Petroflex Indústria e Comércio SA (PIC) has been granted export prepayment financing for an amount of US$60 million from a syndicate of banks, with Unibanco - União de Bancos Brasileiros SA as lead arranger, syndication agent and documentation agent. The transaction closed on September 15.

Albert Fisher sells its Uruguayan lemons as receivership continues
Albert Fisher sells its Uruguayan lemons as receivership continues

Albert Fisher sells its Uruguayan lemons as receivership continues

05 September 2003

Uruguayan citrus producer SA San Miguel Uruguay has acquired 100 per cent of the capital stock of local rival Milagro SA from the Albert Fisher Group PLC for an undisclosed amount. The deal closed on July 24.

Making Up the Law
Making Up the Law

Making Up the Law

25 August 2003

Beauty may be in the eye of the beholder, but good legal work should be more than skin deep. L’Oréal's associate general counsel Patrick Sabatier certainly thinks so.

Alcoa sells Latin American PET business to Amcor
Alcoa sells Latin American PET business to Amcor

Alcoa sells Latin American PET business to Amcor

27 June 2003

Australian packaging company Amcor Ltd has signed an agreement to acquire Alcoa Ltd’s Latin American polyethylene terraphthallate plastic (PET) business for US$75 million. Alcoa’s interest in the business is held by Alcoa Latin American Holdings Corporation and Alcoa Alumínio SA. The agreement was signed on June 2 and closing is scheduled for June 30.

Further consolidation in Argentine petrol sector
Further consolidation in Argentine petrol sector

Further consolidation in Argentine petrol sector

27 June 2003

Argentine gas distribution company Petrolera del Conosur SA (PDC) has acquired 68.13 per cent of the capital stock of Sol Petroleo SA, a petroleum company located in Campana, Province of Buenos Aires, from Phoebus Energy Ltd. The deal closed on April 29.

Shell sells Uruguayan forestry company
Shell sells Uruguayan forestry company

Shell sells Uruguayan forestry company

06 June 2003

Finland’s Oy Metsä Botnia Ab (OMB) has bought a 60 per cent interest in Uruguayan forestry company Compañía Forestal Oriental SA (CFO) from Shell Overseas Investments BV. The deal closed on March 14.

Equity fund sells Argentine chemicals company to Dart More
Equity fund sells Argentine chemicals company to Dart More

Equity fund sells Argentine chemicals company to Dart More

06 June 2003

Uruguayan corporation Dart More SA has acquired approximately 21.3 per cent of the outstanding capital stock and voting rights of Argentine chemicals company Química Estrella SACI e I for US$2.98 million from South America Private Growth Equity Fund LP (SAP). The deal closed on May 19.

Uruguay exchanges sovereign debt to stave off further default
Uruguay exchanges sovereign debt to stave off further default

Uruguay exchanges sovereign debt to stave off further default

30 May 2003

In a deal believed to be the first example of a non-defaulting issuer exchanging its debt through a voluntary mechanism, the Republic of Uruguay has successfully restructured its sovereign bonds in three components totalling approximately US$5.36 billion. The deal closed on May 29.

Uruguayan paper company gets long-term financing from German bank DEG
Uruguayan paper company gets long-term financing from German bank DEG

Uruguayan paper company gets long-term financing from German bank DEG

30 May 2003

German development financier DEG has granted a loan of €7.5 million (US$8.9 million) to Uruguayan pulp and paper company Fábrica Nacional de Papel SA (Fanapel) to finance its investment plan for 2003-2005. The loan agreement was signed on May 15 in the presence of the German Ambassador to Uruguay.